Russian steel maker NLMK and one of the largest Russian enterprises in the electric power industry Rosenergoatom Concern have signed an agreement on cooperation in the supply of low-carbon electricity. The agreement provides for various formats of cooperation, including the conclusion of bilateral contracts for the sale and purchase of electricity (capacity) and joint work in the demand management market (Demand Response or change in energy consumption depending on the load level in the power system and electricity prices). The agreement also provides for the possibility of supplying low-carbon energy from power plants of Rosenergoatom Concern for a new mining and metallurgical production at the Stoilensky GOK site, which is being developed by NLMK Group.Increasing the use of low-carbon energy sources is one of the priorities for NLMK Group to reduce the carbon intensity of production and reduce greenhouse gas emissions. Nuclear energy is one of the main instruments of decarbonization, now it accounts for a third of all low-carbon electricity production in the world.The signed agreement is a continuation of the cooperation between the companies, which began in 2021, in the field of low-carbon energy supply and demand management. Thus, in 2021, the supply of electricity from nuclear power plants to NLMK Group will amount to about 3 billion kWh.Rosenergoatom Concern is the largest division of Rosatom. The Concern is the largest generating company in Russia and the second largest in the world in terms of nuclear generating capacity. It includes all 11 nuclear power plants in Russia, including the unique Floating Nuclear Thermal Power Plant (FNPP). In total, 38 power units with a total installed capacity of 30.345 GW are in operation at Russian NPPs. At present, nuclear power supplies over 19% of the country's energy needs. At the end of 2019, Rosenergoatom became the leader in electricity production in the Russian Federation, with a record 208.7 billion kWh of annual output.
Russian steel maker NLMK and one of the largest Russian enterprises in the electric power industry Rosenergoatom Concern have signed an agreement on cooperation in the supply of low-carbon electricity. The agreement provides for various formats of cooperation, including the conclusion of bilateral contracts for the sale and purchase of electricity (capacity) and joint work in the demand management market (Demand Response or change in energy consumption depending on the load level in the power system and electricity prices). The agreement also provides for the possibility of supplying low-carbon energy from power plants of Rosenergoatom Concern for a new mining and metallurgical production at the Stoilensky GOK site, which is being developed by NLMK Group.Increasing the use of low-carbon energy sources is one of the priorities for NLMK Group to reduce the carbon intensity of production and reduce greenhouse gas emissions. Nuclear energy is one of the main instruments of decarbonization, now it accounts for a third of all low-carbon electricity production in the world.The signed agreement is a continuation of the cooperation between the companies, which began in 2021, in the field of low-carbon energy supply and demand management. Thus, in 2021, the supply of electricity from nuclear power plants to NLMK Group will amount to about 3 billion kWh.Rosenergoatom Concern is the largest division of Rosatom. The Concern is the largest generating company in Russia and the second largest in the world in terms of nuclear generating capacity. It includes all 11 nuclear power plants in Russia, including the unique Floating Nuclear Thermal Power Plant (FNPP). In total, 38 power units with a total installed capacity of 30.345 GW are in operation at Russian NPPs. At present, nuclear power supplies over 19% of the country's energy needs. At the end of 2019, Rosenergoatom became the leader in electricity production in the Russian Federation, with a record 208.7 billion kWh of annual output.
